Business
Enovix Named as CES 2022 Innovation Awards Honoree
FREMONT, Calif., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of
About this update from Enovix Corporation
[{"type":"text","content":"FREMONT, Calif., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next-generation 3D Silicon™ Lithium-ion batteries, today announced that it has been named a CES® 2022 Innovation Awards Honoree. The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)®, is an annual competition honoring outstanding design and engineering in 27 consumer technology product categories. An elite panel of industry expert judges reviewed submissions based on innovation, engineering and functionality, aesthetic and design. This year’s awards program received a record high number of over 1,800 submissions. “We’re honored that the CTA recognized our batteries are a game changer in the consumer electronics space,” said Harrold Rust, President, Chief Executive Officer and Co-founder of Enovix. “Our battery cells are designed to deliver up to double the energy density of standard lithium-ion batteries in several categories of currently available consumer electronic products. Increased energy density is essential to support compute-intensive applications in premium consumer electronics, such as wearables, mobile phones and laptop/tablet platforms.” “What makes this massive increase in energy density possible is our novel 3D cell architecture, which we completely reimagined, throwing out the more than a century-old wound design,” said Ashok Lahiri, Chief Technology Officer and Co-Founder of Enovix. “We invented a precise, laser-generated 3D architecture that provides a more efficient use of the battery volume and can accommodate a 100 percent active silicon anode. Silicon has more than twice as much capacity than traditional graphite. Coupled together—our new cell design plus our 100% active silicon anode—and it’s the most significant advancement in battery design in our lifetime.” Enovix recently achieved a key milestone, producing the first batteries from its Fremont, California, automated manufacturing line. The company has agreements with tier-one consumer electronics customers, as well as a demonstration contract with the Department of Defense and an up to $20 million agreement with a California-based technology leader focused initially on the wearable device space. “We’re thrilled to be recognized for excellence in engineering, des...